The collective sigh that Blue Jays fans began the 2012/2013 offseason with has assuredly subsided as the Jays completed what may be the biggest trade in their history. In the transaction, the Blue Jays got Josh Johnson, Mark Buehrle, Jose Reyes, Emilio Bonifacio, John Buck, and $4 million (maybe more?) from the Marlins in return for Yunel Escobar, Adeiny Hechavarria, Henderson Alvarez, Justin Nicolino, Jake Marisnick, Jeff Mathis, and Anthony DeSclafani. Jon Morosi first reported the rumblings of the deal and summed it up pretty nicely too.

Despite the intended sarcasm, Jon Morosi was right, the Blue Jays acquired $163.75 million of total salary from the Marlins and before arbitration the Marlins are left with $32 million committed to their 2013 payroll. That figure comes just one year after their $101 million payroll and the opening of their new publicly funded ballpark. The trade resulted in reactions ranging from “HAHAHA F U Loria” to “OMG OMG OMG”, but on the whole it produced a state of excitement in Blue Jays fans unparalleled by anything in quite a long while.

Simply on a player for player basis, the Blue Jays gained roughly 10-12 wins in their acquisitions, but nothing comes without a catch. In the process of the deal the Blue Jays increased their 2012 payroll by roughly $30 million to a total of $108 million for 2013. That $108 million figure is by no means exact, it is a prediction, but it does include all payroll obligations plus MLBTR’s projected arbitration numbers. Nonetheless that projected figure would mark the highest Blue Jays payroll in…well…ever. The previous high came in 2008 when the Blue Jays ran on a payroll of $97 million dollars.

Furthermore, while it is amazing that the Jays managed to keep Travis d’Arnaud in the deal, they still traded away their No. 3 and No. 5 prospects in Jake Marisnick and Justin Nicolino. Since the trade has happened there have been quotes from scouts who’ve shown hesitancy towards predicting Marisnick with as bright a future as Marlins fans might hope, but nonetheless both he and Nicolino are Top 100 prospects.

In return for their prospects, their players, and their money the Blue Jays got an improved starting SS in Reyes as well as two pitchers to plug into the top half of their starting rotation in Johnson and Buhrle. In Reyes the Jays are getting an additional 3 or 4 wins over what Yunel Escobar provided for them in 2012. In Buehrle the Blue Jays are getting a consistent pitcher who can and should give them 200 innings in 2013, a change of pace from what we saw with the rotation in 2012. Lastly in Johnson the Jays are getting a guy who has been among the Top 15 pitchers in baseball over the past four years, in terms of WAR, which if he’s healthy should mean a 3-5 win upgrade on whatever back end of the rotation starter the Jays would have otherwise used.

Then along with the big three, the Jays acquired 32 year old J.P. Arencibia (aka John Buck) and a better Mike McCoy (aka Emilio Bonifacio), two players who are likely to be used in backup and utility roles. Bonifacio missed significant time last year due to injury, but he can and has played 2B, 3B, SS, LF, CF, RF while also being one of the best base runners in baseball.

The only curiosity I had with the trade was the fact that the Blue Jays acquired two players who were free agents during the previous offseason, Reyes and Buehrle. Whether this means that the Blue Jays didn’t have enough funds until attendance increased, that they’re more hard set on their “No Contracts Longer than 5 Years” rule than we thought, that they simply couldn’t convince either of Reyes or Buehrle to come to Toronto, or for some other unknown reason it is speculation that peaks curiosity, but speculation nonetheless. Of course all of this is easy to say in hindsight, but it would still be interesting to see how things would have played out both this season and this offseason had the Jays signed the two players they traded for.

With that said, in the Land of Blue Jays fans, where apparently anything is possible (yes Kevin Garnett you were right) this megadeal has amounted to proclamations of the Jays being the best team in the AL East, in the American League, and from the mouths of a few Twitterers, the best team in baseball. While the trade represents a significant upgrade, the injury ridden Blue Jays acquired two more injury ridden players. While that isn’t the end of the world, creating a team with plenty of injury prone players could very easily hamper the 2013 record.

Even then, whether or not this team is even a playoff contender is still a legitimate question, but one that can be answered another day. For today we can revel in the benefits of an increased payroll, hopes for contention, and the excitement of seemingly limitless possibilities as we await both the rest of the offseason and the beginning of Spring Training.

PHOTO CREDIT: AP Photo/Jeff Roberson